Naira Static at N480/$ At Parallel Market

The Naira, on Wednesday, November 30, has remained stable at the Parallel or Black Market, exchanging for N480 to the U.S dollar.

The local currency had on Tuesday, November 29, slumped from N475 to N480 to a dollar by mid day at the parallel market.

Also at the black market, the local currency traded at N580 to the British Pound Sterling, while it traded at N505 to the Euro.

Meanwhile, at the interbank market, the Naira gained 25kobo to trade at N305 to the U.S Dollar, after closing at N305.25, the previous day.

At the Bureau De Change, BDC, segment of the foreign exchange, forex market, the naira exchanged at N399 to the U.S Dollar, the CBN,controlled rate, while the Naira traded at N585 to the pound and N506 to the Euro.

 

 

 

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